1509 Santa Fe Ave Grants, NM 87020
Sponsored
High-Yield Walgreens, 15-Year Lease
Property size:
16,419 SFDescription
- Added:
- Feb 14, 2025
- Days on Market:
- 328
Property Features for 1509 Santa Fe Ave
General Information
- Property type
- Restaurants
- Square Feet
- 16,419 SF
- Lot Size
- 185,130 SF
Building Details
- Year Built
- 2014
- Buildings
- 1
- Stories
- 1
HighLights
- $5,073,921 asking price for a Walgreens‑occupied retail property.
- 16,419 square foot building on a 4.25‑acre lot in Grants, NM.
- Absolute NNN lease with Walgreens, 14 years remaining (15‑year term starting February 22, 2024).
- 6.25% cap rate with 5% rent bumps every 5 years.
- Strong performing location with drive‑thru, no pharmacy competition within 75 miles, and proximity to major retailers and Interstate 40/Route 66.
Property Profile
Location Intelligence
Current Use by Public Records
Drug stores
Location Insight
- Map
- Local Demand
- City
- Grants
- County
- Cibola
- State
- New Mexico
- Longitude
- -107.8282637
- Latitude
- 35.1293996
Nearby Comparable
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - High-Yield Walgreens, 15-Year Lease
Where is this restaurant located?
The property is located at 1509 Santa Fe Ave Grants, NM.
What is the asking price?
The asking price for this property is $5,073,921.
What are key features of this property?
This property features: $5,073,921 asking price for a Walgreens-occupied retail property.; 16,419 square foot building on a 4.25-acre lot in Grants, NM.; Absolute NNN lease with Walgreens, 14 years remaining (15-year term starting February 22, 2024).
